When People and Profits work together - magic happens!
People Profits rejects this is an "either - or" discussion:
Employees want a financially stable company
They also want a company that is "going somewhere"
They want to be paid a fair wage for what they do.
They want to be paid more as their value to the organization increases.
There are companies that obliterate this discussion, they:
Don't pay small raises based on "time served"
Do base pay on objective value and performance of the employee
Do increase pay for increased value and performance
Do relate incentives directly to employee responsibilities and performance
Do provide benefits related directly to employee needs/wants
When you align the above with your business strategy and model the employees will drive profitability.
Case study: A service company was having a hard time getting employees to perform certain highly profitable work. When a compensation plan was developed just for this work, employees lined up to do the work, revenues soared and the profit margin went up by 40%. This also helped retain our employees as no other company could pay them what we were paying them.
When you look at this picture, ask yourself a question.
Is she the owner or an employee?
You are right, you don't know - which is a wonderful thing!!
People Profits is redefining HR - by rejecting the mindset that created HR. We assist our clients by injecting fundamental business and financial principles into the HR function. HR is transformed from a COST center into a PROFIT center and your HR department into organizational heroes. Our expertise is based on developing a Human Capital Strategy and implementing our proprietary systems and processes that will increase the value of your greatest asset and your BOTTOM LINE.